Weatherford International (WFRD) has released an update to notify the public and investors about its officers.
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The Company has announced the upcoming departures of top executives Charles W. Davison, Jr. and Joseph H. Mongrain, set for February 6, 2024. Both will receive benefits and compensation as outlined in the Company’s established plans, which have been detailed in filings with the SEC. Their entitlements are contingent upon the signing of a release of claims in favor of the Company.
For further insights into WFRD corporate activity, check out TipRanks’ Insiders Trading Activity page.
For a comprehensive understanding of the announcement, you can read the full document here.
